Credit Union Difference
What is the superpower of the credit unions?
Empathy
What are your financial goals?
Be specific and realistic.
Name one money mistakes you have made in the past.
Be specific.
What is one thing you take away from this session?
Be practical and specific
Whos is the best case manager?
Any of the case managers at Elkhart County Drug court
Who owns a credit union?
Members
What are self reflections questions when it comes to money management?
-Am I managing my finances the best way possible?
-Do I make payments on time?
-Do I have a spending plan?
-Do i have financial goals?
What are my retirement plans?
What are some harmful money habits/vices?
Smoking, gambling, impulsive buying, alcohol etc
What is one step you will take today to achieve financial freedom?
Come up with clear financial goals
Pay bill on time
Increase your income
Have a plan for debt payments
What has keys but can’t open locks, and has space but doesn’t hold anything?
A keyboard
Name 2 differences between a credit union and a bank.
CU -member owned
CU are not-for-profit
What is a paradigm shift regarding money management?
Develop a new way of thinking regarding your finances, debts, habits,
Start where you are and change the ending!
what is the purpose on an emergency fund?
To prepare for any unforeseen emergencies such as car breaks down, loss of a job,
How do you avoid overdraft?
Monitor your account online
Budgeting
Apply for a LOC
Link your account to another account
Provide cushion money.
The more you take, the more you leave behind. What am I?
Footsteps
What is INOVA's mission?
To improve our members' financial wellbeing.
What is a 401(k)?
A retirement saving plan offered by an employer.
How does paying your bills late affect your financial freedom?
-late fees
-Lowers credit score
-Increases stress
What is the special offer to build your credit?
$200 bonus incentive once you meet certain requirements.
What is the end of everything?
''g"
Reasons why one would choose a CU over a bank.
Lower fees
Member owned
Not-for-profit but for members wellbeing
Higher interests rate for saving accounts
Why is financial education important?
Helps people plan and achieve their financial goals
Gives you tips on successful money management
Help prevents devastating financial mistakes
Emergency preparation
Debt management
How can one achieve financial freedom?
Have financial goals
Follow a spending plan
Debt payment plan
Increase income, lower expenses
What does each letter stand for in SMART
Specific
Measurable
Attainable/actionable
Realistic
Timely
When does it rain money?
hen there's a change in the weather